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Huzhou's industrial added value up 3% Jan-July

chinadaily.com.cn | Updated: Aug 30, 2022

The added value of industrial enterprises above designated size in Huzhou, East China's Zhejiang province registered a year-on-year uptick of 3 percent in the first seven months of this year.

Changxing county reported a year-on-year increase of 4.7 percent in this regard, the highest in Huzhou.

Over the seven-month period, the city's tax revenue shrank by 11.6 percent year-on-year. Its Nanxun district reported a decrease of 19.2 percent, the largest among the city's administrative areas.

However, Huzhou's investment in fixed assets rose 10.6 percent. Specifically, Deqing county was ranked first in the city in terms of the growth rate, which stood at 18.1 percent, followed by Nanxun district and Southern Taihu Lake New District.

From January to July, the city's industrial investment saw a year-on-year increase of 12 percent. Notably, Southern Taihu Lake New District soared by 52.3 percent.

In terms of attracting investment projects worth over 300 million yuan ($46.15 million) to the city, the local government has already completed 89.2 percent of the target set for this year.

The retail sales of social consumer goods in Huzhou edged up 1.7 percent over the period, while its exports jumped 7.3 percent. Wuxing district posted the largest growth in exports at 26.4 percent.